Tag Archive: NDP Said to Put 17.5% Cap on Increased Canada Corporate Tax Rate

NDP Said to Put 17.5% Cap on Increased Canada Corporate Tax Rate

NDP Said to Put 17.5% Cap on Increased Canada Corporate Tax Rate by Josh Wingrove he New Democratic Party proposes to increase Canada’s corporate tax rate by fewer than 2.5 percentage points, while backtracking on a call to raise taxes on capital gains, according to a party official. The NDP plans to raise Canada’s corporate tax rate to “less than 17.5 percent,” from 15 percent, the official said. The increase will be included in a document released Wednesday detailing how the party will finance its campaign promises. Based on current corporate tax revenue, the new rate could add as much as… View Article